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Tuesday, December 22, 2009

Rabbi Sentenced Two Years for Tax Fraud

by taxnick on December 22, 2009

The head of an Orthodox Jewish group was handed a  two-year prison sentence today in Los Angeles for his part in what prosecutors said was a decade-long tax fraud and money laundering scheme.
The 61-year-old rabbi, Naftali Tzi Weisz, pleaded guilty last August to  criminal conspiracy charges before U.S. District Judge John F. Walter.
“I’m embarrassed beyond [...]

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Governor Signs Ohio Tax Cut Delay Into Law

by taxnick on December 22, 2009

Ohio Governor Ted Strickland has signed the delay in the income tax cut into law.
The move is designed to fill the 850-million dollar gap in the state’s budget for 2010.
Many Republicans called the proposal a tax increase, including Findlay State Representative Cliff Hite.
The 4.2-percent reduction was part of a 21-percent reduction that began in 2005. [...]

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